Startup Car Company Gets $529M Loan

Fisker Automotive Inc., a startup car company based in California, has received a loan from the United States government valued at $529 million. With the load, Fisker Automotive hopes to build hybrid sports cars.
The cars, which will be built in the country of Finland, would have a price tag of about $90,000. The hope for this startup car company is that people who want a slick looking hybrid car will be willing to pay.
The U.S. government hasn’t been shy in terms of giving money to car companies. If they haven’t been bailing out the giant auto companies, they’ve been giving …read more